Key Tronic (NASDAQ:KTCC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Key Tronic Corporation (NASDAQ:KTCC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.86 and traded as high as $3.97. Key Tronic shares last traded at $3.73, with a volume of 52,676 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Key Tronic Price Performance

The company’s 50 day moving average price is $3.05 and its 200 day moving average price is $2.86. The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $40.51 million, a price-to-earnings ratio of -2.33 and a beta of 1.22.

Hedge Funds Weigh In On Key Tronic

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after purchasing an additional 35,400 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after purchasing an additional 177,591 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.